If you watch tv on any regular basis, you’ve probably seen one of the humorous Citibank commercials that portray various people talking with voices that are quite obviously not their own (like two older women talking with biker voices) describing all the various purchases they’ve just made with credit cards that aren’t their own.

Identity theft is becoming a huge concern. According to David McIntyre, CEO of TriWest, 53 million identities have been stolen to date and 19,000 more are stolen every day. Companies on average spend 1600 work hours per incident at a cost of $40,000 to $92,000 per victim. (Source: CIO Magazine, 5/15/06) [Read more...]